https://www.taxtmi.com/caselaws?id=346015 The ITAT upheld the Commissioner of Income Tax (Appeals)'s decision to delete the additions made by the AO, dismissing the Department's appeals for both assessment years. The judgment focused on interpreting tax laws and classifying assets to determine the correct rate of depreciation, ultimately allowing the assessee to claim depreciation at 60% for software assets. en-us Tue, 11 Apr 2017 00:00:00 +0530 Wed, 02 Aug 2017 08:39:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346015 The ITAT upheld the Commissioner of Income Tax (Appeals)'s decision to delete the additions made by the AO, dismissing the Department's appeals for both assessment years. The judgment focused on interpreting tax laws and classifying assets to determine the correct rate of depreciation, ultimately allowing the assessee to claim depreciation at 60% for software assets. Case-Laws Income Tax Tue, 11 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346015